BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Down 12.9% in October

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 695,600 shares, a drop of 12.9% from the October 15th total of 798,600 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 444,000 shares, the short-interest ratio is currently 1.6 days.

BuzzFeed Stock Down 6.7 %

Shares of NASDAQ:BZFD traded down $0.22 during trading on Friday, reaching $3.06. 839,225 shares of the company’s stock traded hands, compared to its average volume of 1,133,581. BuzzFeed has a fifty-two week low of $0.64 and a fifty-two week high of $4.56. The firm has a market cap of $115.65 million, a PE ratio of -2.11 and a beta of 3.35. The company has a 50-day simple moving average of $2.66 and a 200-day simple moving average of $2.57.

Institutional Investors Weigh In On BuzzFeed

A number of institutional investors have recently modified their holdings of BZFD. Seven Post Investment Office LP acquired a new stake in BuzzFeed in the 2nd quarter worth about $1,881,000. Cubist Systematic Strategies LLC purchased a new position in shares of BuzzFeed in the second quarter valued at approximately $37,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of BuzzFeed in the second quarter worth approximately $475,000. Dimensional Fund Advisors LP purchased a new stake in shares of BuzzFeed during the second quarter worth approximately $53,000. Finally, Geode Capital Management LLC raised its stake in BuzzFeed by 18.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock valued at $500,000 after purchasing an additional 29,543 shares during the last quarter. 37.64% of the stock is currently owned by institutional investors and hedge funds.

BuzzFeed Company Profile

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.